Louisiana-Pacific (NYSE:LPX) Rating Increased to Outperform at BMO Capital Markets

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BMO Capital Markets upgraded shares of Louisiana-Pacific (NYSE:LPX) from a market perform rating to an outperform rating in a research report report published on Friday morning, Benzinga reports. They currently have $28.00 price objective on the building manufacturing company’s stock, up from their previous price objective of $26.00.

LPX has been the topic of a number of other research reports. Longbow Research raised Louisiana-Pacific from a neutral rating to a buy rating and set a $32.00 target price on the stock in a report on Monday, May 20th. ValuEngine lowered Louisiana-Pacific from a hold rating to a sell rating in a report on Thursday, April 4th. Zacks Investment Research raised Louisiana-Pacific from a sell rating to a hold rating in a report on Monday, May 6th. TD Securities dropped their target price on Louisiana-Pacific from $27.00 to $26.00 and set a hold rating on the stock in a report on Wednesday, May 8th. Finally, Bank of America raised Louisiana-Pacific from a neutral rating to a buy rating and set a $24.75 target price on the stock in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $29.25.

NYSE:LPX opened at $25.52 on Friday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 3.37 and a beta of 1.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55. The company has a 50 day moving average of $24.14. Louisiana-Pacific has a 12-month low of $20.39 and a 12-month high of $32.16.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $582.00 million during the quarter, compared to analyst estimates of $601.49 million. Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, analysts expect that Louisiana-Pacific will post 1.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.12%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.71%.

Several institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Louisiana-Pacific by 256.3% in the first quarter. FMR LLC now owns 459,499 shares of the building manufacturing company’s stock valued at $11,203,000 after acquiring an additional 330,547 shares in the last quarter. Cerebellum GP LLC lifted its position in shares of Louisiana-Pacific by 6.2% in the first quarter. Cerebellum GP LLC now owns 12,704 shares of the building manufacturing company’s stock valued at $310,000 after acquiring an additional 743 shares in the last quarter. Burney Co. lifted its position in shares of Louisiana-Pacific by 24.0% in the first quarter. Burney Co. now owns 56,024 shares of the building manufacturing company’s stock valued at $1,366,000 after acquiring an additional 10,859 shares in the last quarter. Granite Investment Partners LLC lifted its position in shares of Louisiana-Pacific by 23.6% in the first quarter. Granite Investment Partners LLC now owns 43,154 shares of the building manufacturing company’s stock valued at $1,052,000 after acquiring an additional 8,234 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of Louisiana-Pacific by 15.1% in the first quarter. Hancock Whitney Corp now owns 128,283 shares of the building manufacturing company’s stock valued at $3,128,000 after acquiring an additional 16,840 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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